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Market Talk- BTC 100k incoming !? Fartcoin and hype leading!?
Recorded: April 23, 2025 Duration: 0:58:40Space Recording
Short Summary
The crypto market is experiencing a notable growth phase, with Bitcoin nearing $100,000 and altcoins like Sui and Solana making significant recoveries. Institutional interest is rising, driven by ETF news and favorable economic conditions, while traditional markets face challenges that could influence crypto sentiment.
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. I'm going to go to the next video. Oh She'd say everything she wants to dream We are legends every day
That's what she told her
It's really magical to me
She'd say everything she wants to dream
We have some passion, we have some way you
you make me feel like I'm a love of you.
I love you.
You make me feel like I'm a love of you. I can't give a second walk, nothing this way.
I'm a dream of after my life.
When all I die, the sky is set.
When we have all the rain, I feel the heart.
I'm in the air.
I feel my heart beating I feel my heart beneath my skin
I feel my heart beating
Cause you make me feel
Where can I live again?
music Thank you. I'm taking shit. Yeah. Oh Thank you. welcome
what is going on guys welcome back welcome back to another beautiful and great edition of market
talk brought to you by because bitcoin i'm your host wabi and today we have uh quite a lot of
things to discuss right we have btc now right at the yearly open right smack down right at the
early open we actually went above it earlier today we hit just under 95k and
once again we have far coin and hype also making new fresh local highs we also
have sui having a massive breakout we gave that uh on our discord at like
two dollars and twenty cents and now it's uh shooting well above three dollars and there
was actually some etf news on sui so maybe that's maybe that's the cause of it right i think um
you'll probably see more dubious filings with etfs and all of that, as we've seen with previous alts, right?
We saw that with Sol. We saw that with XRP.
And there's probably going to be a multitude of these ETFs over the next couple of years.
That's going to cause some more speculation from TradFi into this market.
But nonetheless, just going back to price action right we're seeing
some beautiful things happen on chain with both hype and also far coin leading as we saw back in
november and uh december of last year we saw a ton of ai tickers just going absolutely berserk
tickers just going absolutely berserk. You even have some things on Solana that are new,
now shooting to 50 mil market cap. You now have tokens that were trending in Q4 of last year in
the AI sector that actually retested their old all-time highs. And it's always tickers that people don't really expect. I mean, you have a token like AI16Z that went to billions,
and it's now barely getting a bounce,
whereas some tokens have resurrected from the dead
and have now flipped AI16Z in market cap,
which is honestly insane.
But I mean, if we just go back and look at meme coins
right many many not many but I think there were some tokens at the peak that
we're actually trading right on par with with as far as a market cap I think
bonk and whiff at some point in Q4 actually traded within like 30, 35% of one another
in market cap, which is unreal, honestly. And we also saw tokens actually go to all-time high,
whereas Whiff basically made a complacency all-time high. And you'll probably see the same thing happening with AI, right?
But nonetheless, talking about equities, we have CoinStock doing quite well today.
HoodStock is also doing well.
We have the S&P at like 5,300 and change, or right at 5,300.
At least last time I checked it at like 3 p.m est i didn't really check
the closing bell for the spx but coin stock man is uh essentially your risk on barometer for trad
fi for all it's kind of like how soul is the risk on barometer for really everything uh really
everything on chain and the thing that i personally love the most
with this market right now is that we're not really seeing these extractive pump fund launches
as we saw earlier this year and last year right with jelly jelly and vine coin and celebrity launches left and right just just essentially vampiring and liquidity hunting
the entire space right and truth be told this is sort of what you want to see right just like a
slow grind up um and with btc i mean like i do think there's a possibility for us to hit 100,000 on BTC by next week, especially if you have this de-escalation between the U.S. and China.
Trump is flat out saying that the tariffs aren't going to be that high and that he wants to start de-escalating the trade wars and all of that.
And I think that's honestly quite bullish, right? that he wants to start de-escalating the trade wars and all of that.
And I think that's honestly quite bullish, right?
If Trump doesn't yap, or rather his advisors don't yap for him on Truth Social,
I think that's honestly quite bullish, extremely bullish, really.
We also have the next FOMC meeting happening in two weeks.
And there is a possibility that Powell could cut rates.
You don't really have major breaks in the economy like U.S. unemployment skyrocketing.
Inflation is now at the Fed's target at 2%, just over 2%.
But I think now that we're essentially neutral now with where the Fed wanted to get CPI,
I do think there's a possibility for cuts to come on the table. And of course, we know when cuts were occurring last year, the market absolutely loved that.
But it's been quite the story over the last couple of months, right?
We had World Liberty Phi buying shit coins
and that ended up marking quite a significant top.
And when World Liberty Phi started selling their shit coins,
that ended up marking a significant bottom.
They were market dumping both ETH and SUI
and that led to their bottoms.
Local bottom, promoma bottom whatever bottom you
wanna you wanna call it right but when you have a narrative that so many people cling dong to
for upside after btc hit 100k and the reverse of that happens then you know we can only assume that
those trends are likely to continue right you see world liberty World Liberty Fly, you know, shilling tokens and
all that stuff. You see Trump tweeting tickers. It's probably indicative of a massive local top
occurring. If you have the opposite of that happening, indicative of a massive local bottom.
So Sui is up like, I think like 70, 75% off of its low.
You have Solana up like 60-ish percent.
It bottomed at 90.
Now we're trading just above 150.
And I think the next targets that we can look at, honestly,
are the March highs for a lot of these ults.
We're above the April open, which is the first step.
And now a lot of these alts, their next, I think their next point of resistance, honestly, would have to be their March highs when Trump was tweeting about ADA and XRP and Sui and Sol and stuff like that.
and XRP and sui and soul and stuff like that and if you guys remember that's that day where they
were all up like 50 60 percent especially Ada I think Ada was up like 80 percent ish and XRP
was close to testing its yearly high which was absolutely ridiculous, right? But talking about Trump, you have Trump token up like
100% plus today, which I guess it comes off of the news that the top 220 holders of Trump token
are going to be invited to a dinner of his. I'm not sure if that's going to be a solid news event.
To be honest, I personally don't really have an edge
when it comes to Trump Token,
but I understand that there was some unlock
that occurred earlier this month.
Quite odd, that Trump Token, right?
It kind of took the entire market by surprise,
and then it did like, what was it, right? It kind of took the entire market by surprise. And then it did like,
what was it guys, like a 30X or a 40X within two days, and then just perpetually does a slow rug after every single exchange listed Trump token. And of course, it's only after only after a slow perpetual bleed of minus 95 percent where it actually
starts to catch a bid right but uh all in all i like what i'm seeing in the market um
i kind of want to continue to see some strength on both um hyperid and also Farcoin.
And now at this point, Stewie as well. The more you see majors catch some strength, I think that's incredibly bullish for the market.
You don't really just want to see one or two tickers on majors lead.
And the fact that this is a rally that's driven by Bitcoin, where you still see
Bitcoin dominance still doing quite well. I think a lot of the froth that was in this market
a couple of months back has just been completely extracted. The fact that we're seeing Bitcoin continue to make higher highs every few days from those lows,
from 74K, 73K, whatever you want to call it, is insanely bullish.
I think you would be cautious once you see Bitcoin kind of stall out and then alts catch up.
And what we've seen is anytime Bitcoin starts to consolidate after a pretty big move that
it's sort of like the move that it's had right now, the market is kind of on its last legs.
And we saw that back in December of last year, BTC topped at $108, $109K, whatever you want
to call it.
And then the market essentially had like a three to four week grace period where really most of the action was
on chain and we're seeing that once again um where most of the tickers that are trending right now
are really just things on solana to be frank with a few select tickers on ETH. And even with ETH at this point, with ETH BTC essentially making fresh new all-time lows, ETH BTC essentially went back to its 2020 or 2019 low.
Something ridiculous.
Yeah, I could even see ETH going back to like $2,200, $2,300.
And I think that would coincide once again with BTC going to $100,000, the S&P 500 going to $5,700, $5,800.
CoinStock probably catches a pretty big bid as well.
is a pretty big bid as well. Same thing with MicroStrategy. And I truly think this entire
Same thing with MicroStrategy.
situation with tariffs and this trade war, I flat out think that we peaked a couple of weeks back.
I've been saying it here on these spaces for about two weeks since SPX hit 4,800-ish,
since spx hit 40 4800 ish um that the trade war has essentially captured as much mind share as btc
did when it was at a hundred thousand and any shorts that were going to be put on at that time
frame during that time period um when spx was trading at like 4800 and btTC was at 7,475, it's essentially longing the breakout of when BTC surpassed
100,000, right? Within 24 hours, BTC hit 108 and most of the momentum had stalled out.
And here we are trading, you know, $20,000 off of the low and most majors on alts are up a tremendous amount even doge is
catching a bid right and I think the pumps that we've been seeing over the
last couple of days is and is indicative of how many people were truly truly
wiped out right it's it's only when things look like they're completely over
that we're so back right bottoms never look pretty and tops never look ugly and truly
truly this is going to be one for the history books where you have world liberty fly
selling their stacks relentlessly near the bottom and engagement just overall on YouTube and on Twitter is back to the bear market lows.
And I think that's really a testament to how savage this cycle has been, which is mainly a
rotate or die cycle. But nonetheless, guys, those are kind of my opening statements those are kind of my opening
statements uh to start off today's show um just waiting on donnie now and also chill they should
be here in the next like couple of minutes or something but guys before uh you know i officially
expand on my thoughts on the markets today if you guys can go ahead and do me a solid favor
and show some love and support to the space.
Now, the best way to do that, guys, of course, as you know,
is by doing a few things.
It doesn't take that much effort.
It doesn't take that much time at all.
If you guys can go ahead and click the Spaces tab,
and once you guys do that, you'll see a little link
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of that guys you guys always do a good job of that. But spaces are recorded, as always.
But yeah, guys, I remain very bullish, extremely optimistic.
After avoiding a lot of that downside that occurred on the market from February to early April, really,
occurred on the market from February to early April, really. I understand that a couple of
months ago, right after the election, almost everyone, including myself, was expecting
an extreme and extreme and extreme bullish Q1. But I think what really threw this cycle off sides was not the Trump token, but the Melania token.
And then you also had the Barron token.
Yes, there was a Barron token that actually went to like 300 or 400 mil.
And I think it was also listed on Moonshot.
And then you essentially had this extraction from the market where every single altcoin was just bleeding perpetually while these tokens had an entire bull market in 48 hours.
And then you had Kanye talk about a token. That was really something that threw the wrench on this bull market and kind of threw a pause on everything.
And then, of course, you had the tariff news, which was honestly insane.
But something that I was talking about as we were bottoming out, I think it was a week before we bottomed out,
as we were bottoming out, I think it was a week before we bottomed out, was this tariff situation
is something that has happened to the market before, right? If you guys just check the S&P 500
in 2018, that summer, indices actually traded to all-time highs, whether it's crypto, was essentially bleeding out perpetually.
And I think the only narrative that was going on was ETFs from the Winklevoss twins.
And then in August or September of 2018, I can't remember what it was, but Trump started going on a trade war, on a global trade
war, but specifically with China. And then you had a drawdown on the S&P of roughly 18%.
And the NASDAQ went down about like 20-ish percent. And that occurred from August or September of 2018 all the way until early December.
Right. And then this time around, we had greater drawdowns on the S&P and the NASDAQ in less than
two months. So that is something that I found pretty interesting. And, you know, during that
time period, many individuals were talking about
how the S&P isn't going to bottom until it has a three-handle, how Powell is not going to give in
or bend the knee, even if the S&P has a three-handle. And I was telling people, like,
guys, we've seen this before. This global trade war isn't really anything new. We've seen it happen before, and they're usually
resolved a lot quicker than people realize, a hell of a lot quicker than people realize.
And truth be told, there's a saying that I have said for multiple years now, which is,
have said for multiple years now which is history doesn't repeat itself but it often rhymes and
as much as that saying is true right and i was very optimistic going into the new year
the cycle has had a habit of throwing wrenches in the way right like in both 2023 and 2024 we've had these massive massive consolidation periods
where majors don't really do much at all between March to August right between March to August
of 2023 and 2024 the market didn't really do much as far as majors go.
There were only a handful of tickers to actually bid.
And in 2024, I didn't really expect that to happen as far as majors go.
And now we're here going into Q2 and we look back at Q1 and it was one of the worst quarters in market performance, like in history.
I think the total drawdown from yearly open on SPX and NASDAQ was like minus 20% within a quarter.
minus 20% within a quarter. And over the last 17 years, really, that has been indicative
of a bottom, right? I don't really think since the bottom in 2009 in March,
we've had a quarter on SPX that has resulted in more than a minus 25 drawdown nasdaq would be a
bit different i think the nasdaq um i think the nasdaq in q4 of uh 2022 the drawdown was like 25
plus percent i i think i'm not i'm not too sure But I know from the top to bottom on the Nasdaq,
from Jan 2022 all the way to the lows, the Nasdaq bled about 33, 34 percent. But again,
that was a different regime, right? You had month-over-month CPI going egregiously higher, and you were essentially in the fastest rate-hiking cycle since Paul Volcker. had to write a note to Jerome Powell asking him to please not raise rates, which was like
ridiculous, honestly. We even had Kathy Wood write a letter. So 2022 was honestly an anomaly.
We had forex crises happen in 2022. I think people forget.
And Janet Yellen had to inject liquidity into the market.
And of course, right after that, we had NVIDIA going absolutely crazy.
And with NVIDIA right now, I don't really have much alpha to give on it um it's just not
really giving the signal that it used to but what has been giving signal over these last couple of
weeks has been gold uh gold once again hit um i think gold once again hit it hit another all-time high I think right at the
open and it's pulled back just like the slightest bit but when you have gold just absolutely
chatting and I think that's honestly what we need for BTC. And now that you have news headlines saying that, is gold better than Bitcoin?
I think that's when you have the rotation start. And I think for the next few weeks,
I think the upside for BTC can honestly shock a lot of people. And as much as I'm in the camp that we could just end up following the regime
that we have been over the last two years, which has been ranging during this time period,
I just think the fact that the market threw us a wrench for Q1 and a lot of us had to pivot
and change our thesis for Q1, I think the market is just going to do that exact same thing for both Q2 and Q3.
And there is a scenario, there is a possibility where you actually could see Bitcoin going into
price discovery, especially if you see Powell cut rates. You see Powell cut rates, Bitcoin probably
goes into price discovery. And then you probably have things like Hyperliquid follow. And then maybe things like Sol.
Again, maybe things like Sol.
I think that Sol BTC chart needs a lot of work.
And truly, one of the only BTC charts, like alt BTC charts that actually look good is hype.
It is one of the only coins on majors that actually look decent on their Bitcoin pair.
ETH BTC looks bad.
SOL BTC doesn't look great.
BTC doesn't look great. XRP BTC does not look great. Farcoin BTC looks decent, right? But
XRP BTC does not look great.
Farcoin is only a billion dollar token. It's not something that has billions and billions
of dollars of liquidity like with some of these other alts right but
during this time period there have been bull markets um in crypto like once again as i said
on the opening statement you have things on solana that are either going into price discovery
um or retesting their old all-time highs and that's while engagement on Twitter is at an all time low and while YouTube is at an
all time low. And it's really just people that didn't get completely wiped out during these last
couple of months. And it has been difficult. It really has. And there were bounces in between
from the January and December top that were very convincing that the market was going to
head higher. I mean, I remember during the inauguration, Solana hit $300 and it got so
crazy to the point where exchanges actually ran out of Solana and they were basically playing
fractional reserve banking where you can buy your soul, but you can't transfer it out because they actually don't own the Solana.
Right.
They actually did not own the Solana.
And many people that tried withdrawing their soul from exchanges, they had to wait a couple of days.
And since then, I mean, Solana went down an egregious amount it's catching a bounce now
but again with a lot of these alts they still have much much work to do and the final boss
which can tell us if this is just a complacency rally for alts or an expansion higher would be
once you see things like solana and also uh suey at this point flipping
their march highs you see that happen then you might see some similar conditions or an echo
bubble of froth as we saw in q4 and an echo bubble is usually like a smaller bubble of the bubble
that occurred in q4 because once again we don't really see things like NVIDIA chatting, right?
We had both MSTR and also NVIDIA chatting during that time period.
And I mean, talking about MSTR, it's up well over $100 since those lows two weeks ago.
It's up well over $100 since those lows two weeks ago.
And, you know, I saw some people saying like, man, I'm glad I cut my MSTR at $200, right?
And, you know, it's just crazy how like, it's always when you see crypto bros or crypto specific people trying to overcomplicate things on the macro side where the market just loves to rip higher and stay at these elevated levels.
If you remember, anytime we would set a local bottom, it would always be because of impending World War III news or some country got bombed or whatever it was, right?
I remember that nuke that happened in April of last year where GCR came out to tweet.
tweet. And then we had some more FUD Germany news in July, and they started full stacking their
Bitcoin, which ended up marking local bottom, honestly. And perhaps Germany selling their
Bitcoin is pretty similar to World Liberty Fi nuking their altcoins right and again history doesn't repeat itself
but it often rhymes right but uh for me theists up here i'm not sure if donnie's going to be
joining me um or chill but i'm glad i'm not going to be uh just doing the show by myself
um i think this is like i think this was like the longest time where i didn't actually have somebody
uh on the stage with me but um man prometheus dude welcome up man how are you feeling about
everything how's this uh price action for you hey wabi it's good uh thanks for having me up
yeah i uh i mean the price action has been good for the most part.
I mean, as long as you are in the right tickers, right, I mean, you can't complain, right?
We've had a nice move over the past two days in the face of, like, global meltdown uncertainty, right?
But, I mean, no, it's been, it's been fantastic, man. And I just, I just know, too, that around the corner, there's some new narrative brewing.
and uh in the meantime meme meme time in the meantime uh you know i think that uh the whole
ai trade has been you know obviously something that you and donnie have been touching on a lot
but it's garnering a lot of mind share right now especially with zerebro putting in like what like
a 3x off the lows or something like that.
Maybe even more than that. But things have been good, man. You're seeing some nice recovery
across the board, right? We had a nice little pop this morning in pre-market before Basent
got on and spoke. He did speak of, you know of a little bit of weakness in the structure of the financial
system, just something to take note of. But the risk is to the upside, right? They came out and
they said that there was going to be a two or three year timeframe horizon before there, uh, before any deal was going to, you know, come to fruition
and we were barely down like a percent and a half. So I think that, you know, the news is kind of,
uh, we're kind of, you know, wearing the news, we're wearing the news out, you know,
if you want to call it that. But, uh, at this point, you know, any sort of, you know, resolution or any sort of come to talk or whatever it may be, I think is probably going to resolve to some pretty, pretty expansionary price action to the upside, man.
But, yeah, I mean, I've been talking about about key to quite a bit on my timeline and some of
these newer tickers that have just been absolute face rippers, right. You'd keyed up like over 40
percent, uh, yesterday and you love to see it. So, um, yeah, man, I think things are,
things are calming down a little bit in the markets and it's uh it's been pretty wild you know it's kind of funny
i see it on the timeline but we had like one of the most volatile periods in the market that
i can remember for quite some time and you know we have like one or one or two days of sideways
price action and everybody's like you know what's going on then you know nothing's pumping the
markets are so boring um and i don't know if that means that we get a little bit of a pullback or something here
just for like a dopamine detox for, for the DGENs in the market. But that's, that's kind of what I'm
seeing, man. Man, this gold weekly chart looks absolutely insane. and it's it's not even up like 2x
from its 2020 high that is that is sad like imagine holding gold when you could have just
held the queues and you could have just held the queues to be honest uh yeah man i mean you could have hold
held just about anything anything else and outperformed gold at this point i mean gold
historically i mean barely outpaces inflation you know by like 25 basis points or you know
quarter of a percent so i mean gold is nothing special the move that we saw was was quite
something because i i really think the stars stars aligned and created kind of the perfect storm for gold to do something, man.
But, I mean, the fact that people are actually contemplating bidding gold here is a joke.
You know, you've got to call for what it is.
Yeah, I think the rotation starts from from gold um into btc it's it's wild to think that like
bitcoin is shredding to a hundred thousand and eath has a one handle on it and so does solana
i think it just goes to show like how strong the bitcoin bid has been over the last like
18 months from these uh bigger from like these bigger wealthy individuals and with all it's like
just the more time that passes by i think market participants are just getting so much smarter where they realize that like all these
alts are really just rotation games that's really all they are they're just like rented vehicles
for a season or two and that's it and then it's like if you're not perpetually online and frying your brain to where you think like a zoomer then this market is
really just not for you and most people are truly just better off dollar cost averaging bitcoin like
if if someone has no edge right now to just like dollar cost average Bitcoin, to be honest. As boomerish as it sounds, it's probably more left curve than people think, really.
Just with a lot of these alts, I do think this rule of overhang supply is going to be a real thing.
And a lot of these tokens are just not going to
be making all-time highs when it comes to alts right and as we've seen like quarter after quarter
since the ftx low i mean just look at rollbit right most altcoins this cycle have really only
trended for like two quarters at best and that's where they put in their bulk of the move and of
course yes there's a few anomalies right there but just look at something like a caspa right like it
trended for three quarters straight and then just perpetually bled out right so even though you do
have your anomalies like i think people get trapped into actually believing
in something, right?
That has its time and place.
But when people start to romanticize these things, I think that's when people get in
trouble, where really the only thing that should be romanticized is the decade-long trade at this point where Bitcoin flips gold,
which I do think it happens. But as far as the timing, I'm just not sure. But optimistically,
I do think that it could happen in the next decade, just given how fast tech is moving,
next decade just given how fast like tech is moving really um i think the age of these
multi-year recessions or not even recessions but like i guess declining growth periods
where we see things like a late 2000 to early 2003 style market correction, right?
Where it's just like this perpetual bleed down where it's like really slow and
laggy or even like an 08 to 09, right?
Where there's a lot of these huge bounces in between and then just like three
to four months of down only. I think,
I think the way the markets reacted pre-gfc is just extremely cooked like extremely
cooked man things are so financialized and so radical where like they would rather print us
into oblivion than experience a multi-year period of like declining growth, man.
Well, I mean, the funny thing about that is, you know, when you kind of sedate the market,
you're also sedating it to the upside at the same time. Like if you, like a lot of people,
it's, it's like a heartbeat, right? If you want to slow down the heartbeat so it doesn't reach the lower troughs, then it's also reducing, especially as we enter in potentially a new financial regime,
which nobody of the likes has, nobody at least of my generation has ever seen.
And probably no, and I know nobody for a fact in the millennial generation has ever seen either.
in the millennial generation has ever seen either. So it might be, you know, I think that there's
going to have to be potentially a different approach to the markets. You know, there's
obviously the rhetoric that things are needing to change from a directionality and structural standpoint and how, you know, the United States
monetary policy kind of proceeds. And, you know, it's going to be interesting to see, okay, so if we you know if we aren't in this super stimulating uh simulative environment um
do we see you know there's been the talks that the defensive stocks and the you know the the
dividend stocks kind of come back to life um or do does it stay still centered around a, you know, consumer discretionary kind of market?
And the Netflix's and the Meta's are, you know, nobody buys dividend stocks.
They just buy like these, you know, FANG stocks and MAG7 stocks.
stocks and those are your blue chips that you hold for the next 40 years um it's going to be
And those are your blue chips that you hold for the next 40 years.
kind of interesting to see how the market you know positions moving forward
trump is going live like right now to talk about tariffs apparently really yeah like he he's been
live for like for like the past hour now, like 40, 45 minutes now.
Is it just an open stage right now?
Well, I'm looking at, like, Mario Nafal space and, like, a bunch of other spaces, too, and they're covering it right now.
He's signing, like, executive orders and all that stuff now um as far as like education and
all that but he's uh i think he he's gonna give an update on like tariffs and stuff it's always
about tariffs do this it's it's kind of annoying um to be honest extremely extremely annoying but um yeah i mean there's always
tesla is pumping pre-market i mean no but sorry tesla is pumping after hours
yeah i mean that kind of tesla tesla's trade right now is to the upside i mean they double
missed on earnings like bad they're down like over 70 on earnings yeah they're like they missed revenue by like 10
which is ginormous for a company of that size uh and they're they're green like they they're up
eight percent today they actually were um it was an outside move or they it moved more than the
expected move of seven percent which is wild uh and i mean
that's just like to me screams like you know the trade of tesla's to the upside at this point i
think the whole like a liberal attack on tesla and you know anti ev nonsensical jargon you know
chainsawing the logo off of your car uh has probably been priced in at this point
yeah isn't it crazy bro how like trump only sleeps four hours a day and he he literally
just only eats mcdonald's and like his energy is through the roof man that is something else man
like most people that are pushing 80 years old
they're in wheelchairs man they're in wheelchairs they can barely walk they're not coherent their
voice is croaked up like look at the way trump behaves right now compared to warren buffett i
feel like warren buffett has been old for like 30 years man like no disrespect but like warren buffett like just has not taken care of himself um bro warren buffett's on that same diet
bro is he yeah yeah bro warren buffett's like big thing is like all warren buffett drinks is
coca-cola and all he like all he eats is like dairy queen sundaes and hamburgers bro
dude that is that that is uh wow dude yeah this this trump stream has like
a ton of people watching man that is nuts um i i hope that the best thing can't really tank the market as much as as
much as uh he used to like there's just no care at all what what nick was the big issue
like what nick was the the you know bull in a china shop with the uh you know with trump's
elected officials it's and it's very very clear that they are trying, you know, with Trump's elected officials, it's, and it's very, very clear that
they are trying to, you know, some people obviously had, you know, maybe had a few choice
words with Trump and they quick, quickly realized that, you know, they probably need to get away
from Lutnick's, um, you know, policies and, and probably move in a different from Lutnik's, you know, policies
and probably move in a different direction.
And that's what you're seeing right now.
Yeah.
What is Basen's job exactly?
Like, what does he do for the Treasury Department?
Is he, like, the new Yellen?
I wonder if he's, like like the new yellen i wonder if he's like the new uh the new young i know he has something to do with with the treasury but like what exactly has he been doing now um
outside of just like larping like i understand yeah he's a treasury like secretary and all that
stuff right but like his main shtick has just been jawboning,
just like he's sort of like Powell in 2022, right?
And that's, dude, he made a statement
on the fucking VIX, dude.
Like that's something you don't really see
from an elected government official,
like actually flat out talking about the market like that, right?
I think that the last time that we saw
like anyone from the government actually say that something is topped or bottomed was Kashkari, Neel Kashkari, going live saying that they're going to print as much money as possible to keep the economy rolling.
And I think Powell also mentioned that, like, like yeah we have an unlimited amount of money
at the federal reserve we just press a button and print it that that is that is insane man
and i mean you it's it's so i mean it's so interesting you know the the dynamic at play
in the white house right now you know you have it's like good cop
bad cop you know hardball softball um like you said i mean for a for a treasurer to come out and
talk directly about the vicks like that's it's it, it's just, I mean, we're in a different, just a different,
it's like, what a time to be alive. You know, um, we are truly in, you know, uncharted waters.
We've never had this kind of environment in office before. Um, and you know, at times it
might seem stressful and it's hard to to it's hard to navigate a market like
this it just is and I feel especially bad for the people who like this is your first 12 months
in the market but yeah it's we're gonna look back on it you know in like five years and if you
you know have a kid in 10 years or you know 15 20 years you're gonna meet you know, in like five years. And if you, you know, have a kid in 10 years or,
you know, 15, 20 years, you're going to be, you know, and they ask you, you know,
what was going on, uh, when Trump was in office and all you're probably going to say is it was
fucking crazy. Right. Um, that's probably what you're going to say. But yeah, I, uh, I think that, like I said, I mean, from a market
direction, from a directionality standpoint, uh, volatility is still kind of sticky in the market.
That's very apparent.
You know, market makers and option sellers are demanding a large premium because of the uncertainty.
And because of that, you're not seeing, you know, a huge collapse in volatility structure.
But we're headed in the right direction.
And BTC is obviously showing a lot of strength. ETH was leading
yesterday, which is something that we have not been able to say for a long time.
You've had some of the stronger names up well over 20%. And it's kind of time to take note.
And it's, you know, it's kind of time to take note.
I've talked about the BB discord calls that if you can get over 97 K, you can get through that big sell wall because there's a big sell wall between, you know and algos at the same time you get over 97k
turn bullish you start to see a lot of positive liquidity flows in crypto and you're gonna likely
have a really nice pocket of outperformance in alts so So you probably have, you know, a good, you know, five RR,
you know, six RR trade potentially in some of the bigger, stronger names in the market
in regards to alts and getting positioned for a potential trade like that, I think is going to be
very beneficial for a lot of people because alts have been hemorrhaging versus their, you know, BTC pairs. And a lot of them have very,
very high short interest on them. And there's a lot of shorts. And if you can get them underwater,
then you likely see a short squeeze probably across the board.
And we did see something along those lines over the past two days.
But, you know, continuation if we get above, you know, 97K.
Yeah. Oh oh man.
I think Spaces is rugging me right now.
I'm not able to see anything, guys.
